Monday, 21 December 2015

Is It Legal To Rent Out Your Car In Singapore?

Singapore is one of main Asian countries rich in tourism investments for both leisure and professional purposes. To that accord the country is flooding with constant traveling individuals who will continually look into acquiring car rentals that help them conduct their local travels in Singapore more easily than when they have to try and find a cab company that will offer them these services as frequently as they require them and at an affordable pricing rate. Therefore, leasing or to rent out a car varies with the time duration for the clients stay and errands will determine which main contract they will sign up for. There are many car rental and leasing companies that are highly equipped with different types of cars to provide for travel services.

Private cars legality of renting and leasing in Singapore

If you have been wondering how to make an extra passive income with your privately owned car it is best to first know where your category of business lies in the Singapore law. Legally it is only legal for a private car owner to rent out their private cars if the private car owners has undertaken a private car insurance coverage categorized for this purpose of renting the vehicle and it should only be placed up for rent in the private car rental scheme. If a private car is rented or leased from a rental and lease car company both the company the car owner are held liable.

Drivers/ car renter consequences of renting out a private car from rental companies

There are also high consequences to the drivers/ renters who decide to utilize the services of renting/ leasing a private car placed to provide these services from a rental/ lease Car Company. The types of legal penalties severed in this case include:

1. Risk of receiving a driving ban for a maximum of twelve months and this impact your driving record negatively.

2. You can be charged with one thousand American dollar fine by the judicial court system in which your case will be heard while in Singapore.

3. Depending on the ruling you can also be confined to imprisonment for a maximum of three months which would still be placed on your official identification record.

4. You would have to undergo unlimited liability claims especially if the private car you were using was not insured in terms of the insurance coverage provided for private rental cars.

This system is highly required in order to keep the car rental industry at balance in their trade as car theft is one of the most common crimes in the world and the car insurance policy for private cars under provision of rental services to clients’ in Singapore, helps to keep track of all viable owners of the car and eradicate the trade of leasing cars which have been stolen for this purpose in the quest of making an extra profit. The insurance policy for the privately owned rental cars is far much different from the company owned rental cars and is required in order to ensure that each privately owned car is not placed in poor condition in order to have the renting client charged with a hefty fee of recovery once it breaks down while using it. Therefore, it is important to first get the proper insurance coverage for renting out your private car in Singapore and do not place your car to be rented in a rental company but rather have registered under the private car rental scheme program which was started for this main purpose.

Privately owned cars in Singapore that are placed under the rental and leasing program also have a strict time schedule as to when they are allowed to have their cars rented and these time schedules include; from 7 pm on Fridays to 7 am on Monday and even on public holidays clients can rent the private cars from 7 pm on the eve of the public holiday day to 7 am the first following of work day after the holiday. If this time is surpassed and one is caught the driver/ renter is liable to answer to the law of Singapore.

Tips in reducing rental car expenses in Singapore

The following tips are useful in reducing the rental car expenses in Singapore:

1. Tyre pressure checking.
2. Sparingly use the Aircon system in the vehicle.
3. Sudden acceleration and braking should be avoided.
4. Plan your route before starting your journey.

Thursday, 5 November 2015

Where Can I Lease Out My Car In Singapore?

Your car can be a great asset for you and your families, especially if you know how to do so. There are some important things that you can do, so you can get additional income from your car. Some people are planning to lease out car because they want to earn some income from their cars. You should be able to find get a lot of benefits by renting out your car. There are some companies or brokers that are ready to help you find some potential customers. Rent Out Car can be a great company that you should visit today. Here are some benefits that are offered by this company.

1. This company has large customer databases

This is the first reason why you have to choose the Rent Out Car today. This company has large customer databases. It means that you can promote your car to these potential customers easily. You don't have to spend your time for finding some potential customers who want to rent your car. Many people want to visit the official site of this company. It is very simple to rent a car from this company. Because of this simple procedure, many potential customers are interested with this car rental company.

2. Easy rental procedure

This is another benefit that you can get from this company. This car rental company has simple and easy rental procedure. This easy procedure is specially created to help all customers rent your car easily. There is no complicated procedure that you have to do when you want to lease out car quickly. Many people are happy with this company because of this reason. This feature is very useful for both car owners and the potential customers. You can finish all rental procedures very quickly. It means that you can find some potential customers for renting out your car quickly.

3. Low commission fee

There are a lot of car rental companies in Singapore. However, not all of them can provide low commission fee for all customers. Rent Out Car Singapore has low commission fee for promoting your car to some potential renters. You don't have to reduce your income significantly when your car is rented by some potential customers. This is another benefit that you can get from this company. It means that you can increase your income significantly when you rent out your car to your potential customers.

4. It can help you find the right insurance for protecting your car

This is another feature that is offered by this company. This company always wants to give the best service for all car owners. If you want to lease out car through this company, you should be able to get this benefit. Rent Out Car Singapore can help you find the best insurance for protecting your car. The insurance premium can be paid by the renters or customers. You can maintain the quality of your car when your car is rented by your customer. This insurance plan is very useful to protect your car from any damages that are caused by the driver or renter.

5. There are many happy clients

When you are looking for the best place to rent out your car, you should take a look at this company. There are many people who are using high quality services from this company. You can depend on the service quality of this car rental company. You can read a lot of good reviews about this car rental service today. Car owners and customers are happy with the service from this company. This is another reason why you have to choose the Rent Out Car Singapore as your favorite car rental company. You can advertise your car in this place easily.

They are some benefits that you can achieve from Rent Out Car Singapore. You can get a lot of information about this company from this website. You can also contact this company today when you want to learn about the car rental procedures. This company has some customer service agents. They are ready to help all clients or customers solve their problems immediately. You can rent out your car easily when you use high quality service from this company. You can get additional income significantly when you lease out your car to some potential customers in Singapore.